Ethena（ENA）在加密市場上展示了彈性，藏有1億美元來推出新的iusde代幣

E在更廣泛的加密貨幣市場上展示了出色的彈性，大多數山寨幣在過去24小時內的8-20％範圍內的損失在8 - 20％的範圍內。

Amidst a broader crypto market sell-off, with most altcoins logging losses in the 8 – 20% range over the last 24 hours, Ethena’s price has shown surprising resilience.

在更廣泛的加密市場拋售中，在過去24小時內，大多數Altcoins記錄損失在8 - 20％的範圍內，Ethena的價格表現出令人驚訝的彈性。

At the time of writing, Ethena (ENA) price has declined by just 3% over the daily timeframe, despite the broader market bloodbath, as trading volume has surged by 108%. A key factor behind this resilience could be the project’s recent successful fundraising effort, which reportedly secured $100 million for the launch of iUSDe, Ethena’s new institutional-focused dollar-pegged token. This fundraising round was completed in December, but had not been previously disclosed, according to Bloomberg. It saw participation from several major investors, including Franklin Templeton, F-Prime Capital, Dragonfly Capital Partners, Polychain Capital LP, and Pantera Capital Management LP.

在撰寫本文時，儘管市場流血更廣泛，但每日時間範圍內的Ethena（ENA）價格僅下降了3％，因為交易量增長了108％。這種韌性背後的關鍵因素可能是該項目最近成功的籌款活動，據報導，該項目為埃塞納（Ethena）新的以機構為重點的美元固定的代幣（Ethena）的發射獲得了1億美元。據彭博社報導，這一籌款回合於12月完成，但以前沒有被披露。它看到了來自富蘭克林·鄧普頓（Franklin Templeton），F-Prime Capital，Dragonfly Capital Partners，Polychain Capital LP和Pantera Capital Management LP等幾位主要投資者的參與。

The new token, iUSDe, is a regulated version of Ethena’s existing synthetic dollar, designed specifically for traditional financial institutions looking to gain exposure to crypto without directly investing in digital assets, according to a January blog post by Guy Young, founder of Ethena Labs.

Ethena Labs的創始人Guy Young撰寫的一篇1月的博客文章顯示，新的代幣IUSDE是Ethena現有合成美元的受監管版本，專為希望獲得加密貨幣的傳統金融機構而設計，而無需直接投資數字資產。

Furthermore, the company is planning to use a portion of the proceeds from the token sale to fund the development of its own blockchain, a source familiar with the matter told Bloomberg.

此外，熟悉此事的消息人士告訴彭博社，該公司正計劃利用代幣銷售中的一部分收益來資助自己的區塊鏈的發展。

Another factor that could be contributing to ENA’s price resilience is the strong demand for Ethena’s existing stablecoin, Ethena (USDe). With a market capitalization of nearly $6 billion, USDe has become one of the leading synthetic dollars in the crypto ecosystem, thanks to its ability to generate high yields through basis trade strategies, even in volatile markets. While USDe yields once peaked at 60%, they have since stabilized at around 9%, which is still a strong yield compared to traditional financial instruments.

可能促成ENA價格彈性的另一個因素是對埃塞納現有的穩定股（Ethena）（USDE）的強烈需求。隨著市值近60億美元的成本，USDE已成為加密生態系統中的主要合成美元之一，這要歸功於它通過基礎貿易策略（即使在動蕩的市場中）通過基礎貿易策略產生高收益的能力。儘管USDE的收益率曾經達到60％，但此後它們的穩定在9％左右，與傳統的金融工具相比，這仍然是很強的收益率。

From a technical perspective, trader AlejandroBTC is bullish on ENA’s price trajectory, noting that the asset is currently within a familiar accumulation zone, which previously preceded a 300% rally to $1.25 in December 2024 after consolidating between August and November. If history repeats itself, we could see another الكبير rally from ENA.

從技術的角度來看，交易者亞歷杭德羅布（Alejandrobtc）對ENA的價格軌跡看漲，並指出該資產目前在熟悉的累積區域內，此前在8月和11月之間合併後，該資產在2024年12月之前的300％集會至1.25美元之前。如果歷史重演，我們可以看到ENA中的另一個ZIEككSTRALLE。

$ENA a good buy in this area for accumulation, better to stack and forget it imo. pic.twitter.com/n5OvlhA2Yj

$ ena在這方面的積累中是一個好購買，最好堆疊並忘記IMO。 pic.twitter.com/n5ovlha2yj

However, it’s important to note that Ethena’s long-term sustainability is up for debate, considering that it generates yield using the basis trade strategy, which exploits the price difference between the spot and futures markets. As such, its performance is largely dependent on market conditions. In a bull market with high funding rates, this strategy can produce astronomical yields, driving up demand for Ethena’s assets, like ENA. But in a bear market with lower funding rates, this strategy will be put to the test.

但是，重要的是要注意，埃塞納（Ethena）的長期可持續性是辯論的，因為它使用基礎貿易策略產生了收益率，這利用了現貨和期貨市場之間的價格差異。因此，其性能在很大程度上取決於市場條件。在具有高資金率的牛市中，該策略可以產生天文收益率，從而提高對Ethena資產的需求，例如ENA。但是，在貸款率較低的熊市中，該策略將進行測試。